https://www.miningweekly.com
Copper|PROJECT|Resources|Waste|Waste
Copper|PROJECT|Resources|Waste|Waste
copper|project|resources|waste-company|waste

Sibanye to complete compulsory acquisition of New Century shares

2nd May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The remaining shareholders of takeover target New Century Resources will have their shares acquired by suitor Sibanye-Stillwater Resources on Tuesday.

Sibanye-Stillwater in February launched a A$1.10-a-share takeover offer for Australian zinc miner New Century Resources, in which it held an initial 19.9% interest, and at the end of March announced the compulsory acquisition of the remaining shares in the company.

All remaining shares in New Century that have not been validly accepted in the offer at the end of trade on Tuesday would now be acquired by Sibanye, with the acceptance facility closing on May 3.

New Century’s primary asset is its namesake zinc project in Queensland, where it is actively progressing life extension opportunities at Century and studying the potential to restart copper production at the historically significant Mt Lyell copper mine in Tasmania. New Century is also pursuing opportunities with industry peers to reprocess and rehabilitate contemporary and historical mineralised waste assets at operational and legacy mine sites. 

Edited by Creamer Media Reporter

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.181 0.218s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: